May 7:New lows for BABA

There is a high chance that BABA (and other Chinese stocks) has not bottomed and will make a new low, because 1) the rally so far has been 3 waves (zigzag), 2) RSI divergence of the lows on daily need to be erased, 3) recent rally got rejected at 200MA

If the drop breaks below 77, I'm quite sure a new low will happen JD BIDU FXI HSI